The CSO has released a number of stats showing that 45% of young people are currently out of work.
Ireland’s unemployment rate has risen to 20.2%, according to the latest figures from the Central Statistics Office (CSO).
It reveals that Ireland remains to see the adverse effects of Covid-19, and the lockdown measures that were put in place as a result.
The figures show that people aged between 15-25 are particularly impacted, as the unemployment rate for this age stands at 45%.
Meanwhile, the unemployment figure for those aged between 25 and 74 years stands at 16.7%.
Looking at these figures by sex, the unemployment rate is 6.9% for males and 7.7% for females
However, the CSO did specify that the Covid unemployment figures, particularly in young people, could be skewed.
This is largely due to the fact that 8% of PUP recipients have self-certified themselves as being registered as a full-time student, and would not normally be counted as unemployed.
Catalina Gonzalez, CSO statistician, attempted to explain the figures: “The CSO first published the Covid-19 Adjusted Measure of Unemployment in April 2020 as part of the March 2020 Monthly Unemployment Estimates.
“At the time, the Covid-19 income supports were set up as temporary measures to protect those who lost income from employment due to Covid-19.
“Those benefitting from the Temporary Wage Subsidy Scheme (TWSS) and later the Employment Wage Subsidy Scheme (EWSS), having an attachment to their employer, would continue to be classified as Employed using the internationally agreed criteria for reporting on official labour market status.
“It was not possible to ascertain how those in receipt of the Pandemic Unemployment Payment (PUP) would be classified using the labour market status criteria.
“Because of this, the CSO established the Covid-19 Adjusted Measure of Unemployment as an upper bound measure for the true unemployment rate.”
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